(MENAFN- ProactiveInvestors)
() has started production testing of the Hoffer B1 well in Lavaca County Texas where an interval of about 200 feet has been identified for potential perforation and testing.
Up to 10 tests may be required to fully evaluate the potential of the well.
Galilee has a 35% working interest in the well reducing to 28% after payout.
Open hole geophysical logs in the upper portion of the well are interpreted to demonstrate the presence of reservoir quality sandstones. These zones have the potential in their own right to deliver gas volumes consistent with pre-drill expectations.
In the lower zones the cased hole logging suite provides less quantitative information on reservoir quality but the identified zones have been correlated with mudlog gas shows to define gross sandstones which warrant testing albeit with a lower level of expectation.
Importantly most of the zones identified for testing have seismic signatures which indicate extension across a broad area potentially allowing for multiple well development.
This testing process is expected to take a number of weeks and results will be provided at the conclusion of the testing program.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.